Stock market today: Asian shares extend gains after China-driven rally

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Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.

Uvalde council members disappointed with Jesse Prado’s report concerning Robb Elementary School shootingMan found guilty in connection with crash that killed unborn childCopyright 2024 The Associated Press. All rights reserved– Asian shares pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.aimed at reviving the housing market after a prolonged downturn. That news also boosted prices for oil, copper and other commodities.

“But for now, Chinese stocks are gobbling up these stimulus efforts like they’re at an all-you-can-eat buffet,” he said.Australia's S&P/ASX 200 added 0.1% to 8,149.00. In the bond market, Treasury yields slipped following the weaker-than-expected report on consumer confidence. The 10-year yield fell to 3.73%, from 3.75% late Monday. The two-year yield, which more closely tracks expectations for the Fed’s upcoming moves, fell to 3.53% from 3.59% late Monday.

 

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